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Showing posts from March, 2019

Oil prices set for biggest Q1 gain since 2009 on US sanctions, OPEC cuts

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U.S. West Texas Intermediate (WTI) futures were at $59.56 per barrel at 0211 GMT, up 26 cents, or 0.4 percent, from their last settlement. Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009. U.S. West Texas Intermediate (WTI) futures were at $59.56 per barrel at 0211 GMT, up 26 cents, or 0.4 percent, from their last settlement. WTI futures are set to rise for a fourth straight week and are set for a first quarter gain of 31 percent. Brent crude oil futures were up 30 cents, or 0.4 percent, at $68.12 per barrel. Brent futures are set to increase by 1.7 percent for the week and are set to climb by 27 percent for the first quarter. For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 percent. Oil prices have been...

Nifty likely to inch higher, deploy 'Bull Call Spread' in a truncated week: Quantsapp

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The upcoming weekly series has strong put writers at 10,800 that is acting as immediate support for the market The geopolitical tension along with February expiry led to wild swings in the market as Nifty made a low of 10,729 and witnessed a high of 10,939 during the last week, and ended below 10,900. The Nifty50 ended the February series with loss of 0.36 percent at 10,792 vis-à-vis January series. Bank Nifty saw a fall of 1.84 percent during the same period. The Nifty rollovers stood at 60 percent, which was 13 percent below the 3-month average. Lack of momentum in the market pushed the Open Interest (OI) tally to almost a year low.February series saw Nifty Media as top performing sector led by stellar moves in  Dish TV  and  Zee . The Nifty Auto index was the next best performer with two-wheelers and auto- ancillary outperforming. The Nifty PSU banks were the worst performer led by fall in  IDBI  and  Bank of India . Top rollover stock...